Trucking Index Down in October, for First Year-Over-Year Drop Since 2009
The American Trucking Associations' seasonally adjusted For-Hire Truck Tonnage Index contracted 3.8% in October after falling 0.4% in September, it said. The 0.4% Sept. drop was revised from a 0.1% gain reported on Oct. 23, 2012, it said. October's decrease…
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with the third consecutive, totaling 4.7%. As a result, the SA October index was the lowest level since May 2011, it said. Compared with October last year, the index was off 2.1%, the first year-over-year contraction since November 2009, ATA said. Year-to-date, compared with the same period last year, tonnage was up 2.9%, it said. “Clearly Hurricane Sandy negatively impacted October's tonnage reading” although it's impossible to determine the exact effect, said ATA Chief Economist Bob Costello.